How to do KYC for mutual funds online in 2022? You must have heard about mutual funds somewhere or the other.
A mutual fund is a platform where people invest their money. In today’s time, all the millionaires and billionaires definitely invest their money somewhere or the other.
This is because people get good returns by investing money. And this is one of the best methods to earn money in today’s time.
One such mutual fund is a platform where people invest their money. But before investing in mutual funds, all people have to complete their KYC for mutual funds.
You can start investing from the mutual fund platform only after the KYC for mutual funds is complete. Without Mutual Fund KYC, you will not be able to invest your money.
In today’s article, I am going to tell you. How do I register for KYC?, How to do KYC for mutual fund online in 2022?
If you want to complete your own KYC for mutual funds, then read this article completely.
What is Mutual Fund?
Mutual fund means collective investment, which means that many people invest money simultaneously in mutual funds.
If you do not have good knowledge about online investment and you still invest money, then you can suffer a huge loss. Before investing money online, you should have complete knowledge about money investment.
If you do not have good knowledge about online money investment, then you can invest your money with the help of mutual funds.
Mutual Fund is a type of institution. Where people deposit their money. And there are very good employees on Mutual Fund who have complete information about the stock market.
They invest the deposit money in employee mutual funds in a good stock market company. And so that you get a good return.
Such persons work in Mutual Funds and have good knowledge in the stock market. They always invest money in a good company so that users get good returns.
How to do KYC for mutual funds online?
To invest money in Mutual Funds, you first have to create an account of your own. After creating an account, you have to do KYC of your account again.
If you want to invest money in a mutual fund, then you have to get mutual fund KYC done. You cannot invest money in mutual funds without KYC.
You can do mutual fund KYC both offline and online. But in today’s article, I will only tell you that how to do KYC for mutual funds online in 2022?
After reading this article, you can get your mutual fund KYC done sitting at home.
But before that, it is very important to know what documents do we need to do Mutual Fund KYC.
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What documents are required to do KYC for mutual funds?
If you want to do KYC of your mutual fund account, then it is mandatory for you to have these documents, such as name, address proof, photographs, etc.
Pan Card – You must have your pancard with you while doing mutual fund KYC. Earlier, Pancard was not required to do KYC of mutual funds, but now pancard has been made mandatory.
Identity and Address Proof: Along with Pancard, you should have some of your Identity and Address Proof. You can apply for Driving License, Aadhaar Card, Passport, etc. It can be done in the form of identity and address proof document.
You can do mutual fund KYC with the help of the website of any KYC Registered Agency.
How to Do Mutual Fund KYC With Moneyfy App?
Money is a popular mutual fund app providing SIP, loan, online services. Moenyfy is owned by Tata Capitals Financial Service Limited company.
Step 1. Create an account on Money app.
To download moneyfy app from the Google play store, you log in with the same email id and mobile number that you had filled in your pan card email id and mobile number.
Step 2. Upload PanCard And Address Proof
After this, you upload the photo of your Pan card and any address proof (Aadhaar card) photo. The quality of the document uploaded by you should be good.
Step 3. Upload a selfie
Now you have to upload a great photo of yourself. Keep in mind that your photo should not be cracked or cropped.
Step 4. Now you have to upload a selfie video.
Now you have to upload and record a short video of your face with the help of the front camera of your mobile. Your face should be clearly visible in that video.
Step 5. Complete your KYC by Aadhaar Based e-sign
After filling up the form, an OTP will come on the mobile linked to your aadhaar card. Fill that OTP.
After this, your Mutual Fund KYC will be completed. Now you have to wait a bit for KYC approval.
How to do KYC for mutual funds online With Groww?
To do KYC with the help of Groww, follow the steps given below.
Step 1. Visit www.groww.in the official website.
Step 2. Sign with your mobile number and email id.
Step 3. Provide your pan number.
Step 4. Enter your necessary details like name, address, date of birth, etc.
Step 5. Enter your nominee details.
Step 6. Provide your bank details.
Step 7. Upload a picture of yourself and your documents.
Step 8. Now you have to do upload your signature.
After these steps, your KYC for Mutual Fund will be done.
Can KYC be done online for mutual funds?
Yes, you can complete online KYC for mutual funds.
Where do I submit my KYC form for mutual funds?
You can submit your KYC form for mutual funds on KRA official website.
Can I invest in mutual funds without KYC?
No, you cannot invest in mutual funds without completing KYC.
How do I register for KYC?
You can complete your KYC with the help of any KYC Registered Agency.
Is Mutual funds KYC free?
Yes, doing KYC is absolutely free.